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NIO   3.80 (-5.00%)
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AMZN   174.63 (-2.56%)
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NVDA   762.00 (-10.00%)
AMD   146.64 (-5.44%)
NIO   3.80 (-5.00%)
BABA   69.07 (+0.28%)
T   16.51 (+1.10%)
F   12.14 (+0.66%)
MU   106.77 (-4.61%)
GE   148.06 (-3.19%)
CGC   7.93 (+1.28%)
DIS   112.61 (+0.16%)
AMC   3.16 (+8.22%)
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Magnite (MGNI) Stock Forecast & Price Target

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$8.46
-0.18 (-2.08%)
(As of 04:21 PM ET)
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Magnite Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 10 Analyst Ratings

Analysts' Consensus Price Target

$14.39
70.08% Upside
High Forecast$18.00
Average Forecast$14.39
Low Forecast$12.00
TypeCurrent Forecast
4/20/23 to 4/19/24		1 Month Ago
3/21/23 to 3/20/24		3 Months Ago
1/20/23 to 1/20/24		1 Year Ago
4/20/22 to 4/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$14.39$14.78$13.56$14.22
Predicted Upside70.08% Upside38.56% Upside48.64% Upside34.26% Upside
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MGNI Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MGNI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Magnite Stock vs. The Competition

TypeMagniteComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.80
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside71.04% Upside112.47% Upside12.32% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/19/2024B. Riley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$14.50+65.34%
3/25/2024Benchmark
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$18.00+74.08%
3/21/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$15.00+40.06%
3/7/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$15.00+28.76%
2/29/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$11.00 ➝ $13.00+12.17%
2/29/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetPositive ➝ Positive$11.00 ➝ $14.00+33.72%
8/16/2023Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeIn-Line ➝ Outperform$11.00 ➝ $14.00+64.32%
8/14/2023Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$15.00 ➝ $12.00+39.53%
8/10/2023Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOverweight ➝ Overweight$17.00 ➝ $14.00+13.45%
6/5/2023Cannonball Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Neutral
5/22/202322nd Century Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingReiterates

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:18 PM ET.

MGNI Price Target - Frequently Asked Questions

What is Magnite's consensus rating and price target?

According to the issued ratings of 10 analysts in the last year, the consensus rating for Magnite stock is Moderate Buy based on the current 2 hold ratings and 8 buy ratings for MGNI. The average twelve-month price prediction for Magnite is $14.39 with a high price target of $18.00 and a low price target of $12.00. Learn more on MGNI's analyst rating history.

Do Wall Street analysts like Magnite more than its competitors?

Analysts like Magnite more than other Computer and Technology companies. The consensus rating score for Magnite is 2.80 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how MGNI compares to other companies.

Does Magnite's stock price have much upside?

According to analysts, Magnite's stock has a predicted upside of 39.26% based on their 12-month stock forecasts.

What analysts cover Magnite?

Magnite has been rated by B. Riley, Bank of America, Benchmark, Needham & Company LLC, Royal Bank of Canada, and Susquehanna in the past 90 days.


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This page (NASDAQ:MGNI) was last updated on 4/19/2024 by MarketBeat.com Staff

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